- Strategic transaction will help accelerate deployment of next-generation subsea technologies

Global energy technology company SLB (NYSE: SLB) today announced that its OneSubsea™ joint venture has completed the acquisition of the subsea business of Norway-based Envirex Group AS (Envirex).

The transaction expands SLB OneSubsea’s access to Envirex’s specialized technologies and supports the continued development and deployment of innovative subsea solutions, including umbilical-less and wireless systems. Customers will benefit from a wider technology portfolio and more consistent global support.

“This acquisition is an important milestone for SLB OneSubsea and expands our ability to meet growing market demand for next-generation subsea solutions,” said Mads Hjelmeland, chief executive officer of SLB OneSubsea. “With the addition of Envirex’s specialized technologies we are well positioned to deliver greater reliability, flexibility and value to our customers.”

Key Points:

  - SLB OneSubsea has completed the acquisition of the subsea business of Norway-based Envirex Group AS, strengthening its ability to deploy advanced subsea technologies at scale.
  - This transaction will accelerate the deployment of next-generation subsea technologies, particularly umbilical-less and wireless solutions.
  - Customers will benefit from a broader and more advanced portfolio, supported by improved global delivery consistency and lifecycle support.

About SLB

SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.

About SLB OneSubsea

SLB OneSubsea is driving a new subsea era leveraging digital and technology innovation to optimize our customers’ oil and gas production, reduce emissions in subsea operations, and unlock the large potential of subsea solutions to shape a sustainable energy future. SLB OneSubsea is a joint venture backed by SLB, Aker Solutions, and Subsea7 headquartered in Oslo and Houston, with 10,000 employees across the world.

About Envirex

Envirex’ engineering expertise delivers a wide range of products, systems and services for the subsea oil and gas industry. Our capabilities include turn-key deliveries from single components to complex systems.